AAIEX vs. AADEX

Last updated Aug 1, 2026

AAIEX (American Beacon International Equity Fund) and AADEX (American Beacon Large Cap Value Fund) are both mutual funds - AAIEX is a Foreign Large Cap Equities fund managed by American Beacon, while AADEX is a Large Cap Value Equities fund managed by American Beacon. Over the past 10 years, AAIEX returned 9.28%/yr vs 11.97%/yr for AADEX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. AAIEX charges 0.72%/yr vs 0.63%/yr for AADEX.

Performance

AAIEX vs. AADEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon International Equity Fund (AAIEX) and American Beacon Large Cap Value Fund (AADEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAIEX achieves a 12.56% return, which is significantly higher than AADEX's 10.91% return. Over the past 10 years, AAIEX has underperformed AADEX with an annualized return of 9.28%, while AADEX has yielded a comparatively higher 11.97% annualized return.

AAIEX

• 1D: 2.30%
• 1M: 3.13%
• 6M: 6.79%
• YTD: 12.56%
• 1Y: 27.54%
• 3Y*: 17.17%
• 5Y*: 11.77%
• 10Y*: 9.28%
• ALL TIME*: 7.04%

AADEX

• 1D: 0.03%
• 1M: 1.70%
• 6M: 8.50%
• YTD: 10.91%
• 1Y: 22.28%
• 3Y*: 15.07%
• 5Y*: 10.88%
• 10Y*: 11.97%
• ALL TIME*: 9.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AADEX American Beacon Large Cap Value Fund	$0.00	$0.00	$0.00
AAIEX American Beacon International Equity Fund	$0.00	$0.00	$0.00

AAIEX vs. AADEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAIEX American Beacon International Equity Fund	12.56%	37.12%	2.16%	22.54%	-10.87%	9.74%	1.06%	19.44%	-16.42%	24.83%
AADEX American Beacon Large Cap Value Fund	10.91%	14.65%	15.37%	13.51%	-5.40%	28.07%	3.15%	29.72%	-12.12%	17.17%

Correlation

The correlation between AAIEX and AADEX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.68

The correlation between AAIEX and AADEX has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Return for Risk

AAIEX vs. AADEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAIEX

AAIEX Risk / Return Rank: 59
AAIEX Sharpe Ratio Rank: 69
AAIEX Sortino Ratio Rank: 69
AAIEX Omega Ratio Rank: 68
AAIEX Calmar Ratio Rank: 49
AAIEX Martin Ratio Rank: 42

AADEX

AADEX Risk / Return Rank: 75
AADEX Sharpe Ratio Rank: 73
AADEX Sortino Ratio Rank: 72
AADEX Omega Ratio Rank: 70
AADEX Calmar Ratio Rank: 81
AADEX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAIEX vs. AADEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon International Equity Fund (AAIEX) and American Beacon Large Cap Value Fund (AADEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAIEX	AADEX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.68	-0.06
Sortino ratio: Return per unit of downside risk	2.34	2.43	-0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	1.82	2.66	-0.84
Martin ratio: Return relative to average drawdown	5.95	9.32	-3.37

AAIEX vs. AADEX - Sharpe Ratio Comparison

The current AAIEX Sharpe Ratio is 1.61, which is comparable to the AADEX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of AAIEX and AADEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAIEX vs. AADEX - Drawdown Comparison

The maximum AAIEX drawdown since its inception was -59.31%, roughly equal to the maximum AADEX drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for AAIEX and AADEX.

Drawdown Indicators

	AAIEX	AADEX	Difference
Max Drawdown Largest peak-to-trough decline	-59.31%	-59.56%	+0.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.67%	-7.31%	-6.36%
Max Drawdown (3Y) Largest decline over 3 years	-21.20%	-19.24%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	-29.21%	-19.67%	-9.54%
Max Drawdown (10Y) Largest decline over 10 years	-43.34%	-41.69%	-1.65%
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-11.21%	-8.00%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	2.10%	+2.07%

Volatility

AAIEX vs. AADEX - Volatility Comparison

American Beacon International Equity Fund (AAIEX) has a higher volatility of 4.48% compared to American Beacon Large Cap Value Fund (AADEX) at 2.90%. This indicates that AAIEX's price experiences larger fluctuations and is considered to be riskier than AADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAIEX	AADEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.90%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	8.21%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	11.61%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	17.15%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	19.39%	+0.57%

AAIEX vs. AADEX - Expense Ratio Comparison

AAIEX has a 0.72% expense ratio, which is higher than AADEX's 0.63% expense ratio.

Dividends

AAIEX vs. AADEX - Dividend Comparison

AAIEX's dividend yield for the trailing twelve months is around 11.24%, more than AADEX's 10.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AADEX American Beacon Large Cap Value Fund	10.80%	11.98%	12.61%	5.28%	11.80%	11.20%	14.65%	9.93%	10.39%	10.73%	2.97%	11.85%
AAIEX American Beacon International Equity Fund	11.24%	12.65%	24.49%	5.36%	2.76%	10.99%	1.63%	2.93%	9.71%	3.15%	2.51%	2.45%

Frequently Asked Questions

Can I hold both AAIEX and AADEX in my portfolio?

AAIEX and AADEX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAIEX or AADEX?

AAIEX has higher volatility (4.48%) compared to AADEX (2.90%). In terms of maximum drawdown, AAIEX dropped -59.31% vs AADEX's -59.56%.

Which has better risk-adjusted returns?

AADEX currently has the higher Sharpe Ratio (1.68 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.